CBN DEBUNKS FAKE NEWS ON NEW N5,000 AND N10,000 BANKNOTES.(PHOTO).

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  The Central Bank of Nigeria (CBN) has dismissed a viral claim circulating on social media about the introduction of new ₦5,000 and ₦10,000 banknotes, labeling it as fake news. The claim, which included fabricated images of the supposed new denominations featuring Dr. Nnamdi Azikiwe and Chief Obafemi Awolowo, falsely stated that the new notes would enter circulation from May 1, 2025. In a statement on its verified Facebook account, the CBN clarified that the content is not from the bank and directed the public to its official website, (www.cbn.gov.ng), for authentic information. The bank warned against spreading misinformation regarding monetary policies and urged Nigerians to rely only on official statements from its verified channels. The CBN reaffirmed that any major policy decision, including the introduction of new banknotes, would be announced through its official platforms. The public is advised to remain cautious and verify financial information from credible sources befor...

GERMAN LUXURY CARMAKER AUDI HAS REMOVED ITS ICONIC FOUR RINGS LOGO IN CHINA, A MOVE THAT HAS SPARKED SHOCK AND DEBATE ON SOCIAL MEDIA. (PHOTO).


 German luxury carmaker Audi has removed its iconic four rings logo in China, a move that has sparked shock and debate on social media. 

The logo, a symbol of Audi’s legacy since the 1930s, was missing from the new E Concept electric sportback showcased in Shanghai earlier this month. Instead, the car featured “AUDI” written in bold capital letters on the front. This decision comes as other automakers, like Jaguar, face criticism for their rebranding efforts, with many users online labeling Audi’s change as a “bad move” and “confusing.”


The rebranding is part of a collaboration between Audi and Chinese automaker SAIC to co-develop electric vehicles targeted at younger customers in the world’s largest auto market. The move aims to appeal to China’s younger premium car buyers, with an average age of 30-35 years compared to 55 in other global markets. According to Fermin Soneira, CEO of the project, the new EV series will prioritize advanced features such as driver-assistance systems to attract tech-savvy drivers.


Audi’s rebranding also reflects an effort to regain market share in China, where local brands and foreign EV-focused rivals are rapidly growing. Audi sold less than 15,000 EVs in China during the first nine months of 2024, far behind Chinese premium EV brands like Nio and Xpeng, which sold 10 and seven times more, respectively. The new models will integrate automotive technology co-developed with SAIC and rely on local suppliers to enhance competitiveness.


While Audi hopes the change will appeal to Chinese customers, many online have expressed disappointment, describing the move as the “Chinesification of foreign premium brands.” Some fear the change undermines the global recognition of Audi’s four rings logo. However, the company remains focused on evolving its strategy to meet the demands of China’s younger, tech-oriented market.

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